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Core Purpose

The International Financial Services Centres Authority grants renewal of recognition to India International Clearing Corporation (IFSC) Limited for a period of three years.

Detailed Summary

The International Financial Services Centres Authority, through Notification F. No. IFSCA/India ICC/Renewal/2025-26 dated 24th December, 2025, granted renewal of recognition to India International Clearing Corporation (IFSC) Limited. The Clearing Corporation, with its registered office at 1st Floor, Unit No. 102, The Signature Building No. 13B, Road 1C, Zone 1, GIFT SEZ, GIFT CITY Gandhinagar-382355, applied for renewal under Regulation 12 of the International Financial Services Centres Authority (Market Infrastructure Institutions) Regulations, 2021. This renewal is effective for a period of three years, commencing on December 29, 2025, and concluding on December 28, 2028, specifically for contracts in securities. The decision was made in exercise of powers conferred by sections 12 and 13 of the International Financial Services Centres Authority Act, 2019, and sub-section (4) of section 8A of the Securities Contracts (Regulation) Act, 1956, read with regulation 9 of the 2021 Regulations. The Authority was satisfied that the renewal serves the interest of trade, the securities market, and the public interest. A key condition of the renewal is that the Clearing Corporation must comply with conditions specified by the International Financial Services Centres Authority from time to time. The notification was signed by K. Rajaraman, Chairperson.

Full Text

REGD. No. D. L.-33004/99 The Gazette of India CG-GJ-E-31122025-268968 EXTRAORDINARY PART III-Section 4 PUBLISHED BY AUTHORITY No. 833] NEW DELHI, MONDAY, DECEMBER 29, 2025/PAUSHA 8, 1947 INTERNATIONAL FINANCIAL SERVICES CENTRES AUTHORITY NOTIFICATION Gandhinagar, the 24th December, 2025 F. No. IFSCA/India ICC/Renewal/2025-26.β€”The International Financial Services Centres Authority, having considered the application for grant of renewal of recognition under Regulation 12 of the International Financial Service Centres Authority (Market Infrastructure Institutions) Regulations, 2021 by India International Clearing Corporation (IFSC) Limited, having its registered office at 1st Floor, Unit No. 102, The Signature Building No. 13B, Road 1C, Zone 1, GIFT SEZ, GIFT CITY Gandhinagar-382355, and being satisfied that it would be in the interest of the trade, in the interest of securities market and also in the public interest to do so, hereby grants, in exercise of the powers conferred by sections 12 and 13 of the International Financial Services Centres Authority Act, 2019 and sub-section (4) of section 8A of the Securities Contracts (Regulation) Act, 1956 read with regulation 9 of the International Financial Services Centres Authority (Market Infrastructure Institutions) Regulations, 2021, renewal of recognition to the said Clearing Corporation for a period of three years, commencing on the 29th day of December, 2025 and ending on the 28th day of December, 2028 in respect of contracts in securities subject to the conditions stated herein below or as may be prescribed or imposed hereafter: β€’ The Clearing Corporation shall comply with conditions specified by the International Financial Services Centres Authority from time to time. K. RAJARAMAN, Chairperson [ADVT.-III/4/Exty./572/2025-26]

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